Chugiak Area, Anchorage, AK—99515
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chugiak Area, Anchorage, AK
As of Oct '25, the median home price in Chugiak Area, Anchorage, AK is $453,000, with a year-over-year change of 3.2%. This indicates that home prices in Chugiak Area, Anchorage, AK are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $453,000 | 3.2% |
| Single Family | $479,000 | 3.5% |
| Condos | $308,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $267,000 | 0.0% |
3 Bed | $442,000 | 3.5% |
4 Bed | $533,000 | 3.9% |
| 5 Bed | $661,000 | -6.4% |
% of Housing Stock
Rental Trends — Chugiak Area, Anchorage, AK
As of July '25, Rentcast reports the average rent in Chugiak Area, Anchorage, AK is $2,550, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Chugiak Area, Anchorage, AK is 1-bedrooms: $1,450, 2-bedrooms: $1,780, 3-bedrooms: $3,510, 4-bedrooms: $3,400. The most common rental property sizes in Chugiak Area, Anchorage, AK are 3-bedroom and 2-bedroom, accounting for 46.9% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,140 | $2,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,450 |
| 2 Bed Rent | $1,700 | $1,780 |
| 3 Bed Rent | $3,450 | $3,510 |
| 4 Bed Rent | $3,100 | $3,400 |
% of Rental Stock
Property Listings — Chugiak Area, Anchorage, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Chugiak Area, Anchorage, AK is 31. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $508,000 | 4.0% |
Listing Count | 58 | -20.0% |
| Listings as % of Homes | 0.1% | -20.0% |
Days on Market | 31 | -1.0% |
Demographics — Chugiak Area, Anchorage, AK
As of the latest ACS Survey released in 2023, Chugiak Area, Anchorage, AK has a population of 21,900, which has decreased by -6.5% over the past 5 years. Chugiak Area, Anchorage, AK is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 40.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | -6.5% |
% Under 18 | 23.5% | -7.1% |
% Seniors | 14.6% | 31.5% |
% WFH | 10.7% | 189.2% |
% w/ College Degree | 40.7% | 18.7% |
As of the latest ACS Survey released in 2023, Chugiak Area, Anchorage, AK is a predominantly white area, with 58.9% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Chugiak Area, Anchorage, AK is asian, making up 11.8% of the population. Foreign-born residents account for 14.1% of the population in Chugiak Area, Anchorage, AK, and this percentage has increased by 25.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 58.9% | -5.2% |
% Black | 0.8% | -68.0% |
% Hispanic | 8.7% | -13.0% |
% Asian | 11.8% | 22.9% |
% Foreign Born | 14.1% | 25.9% |
Mortgage and Risk — Chugiak Area, Anchorage, AK
According to HUD data as of 2023, there were 383 mortgage originations in Chugiak Area, Anchorage, AK, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Chugiak Area, Anchorage, AK. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 383 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Chugiak Area, Anchorage, AK
As of 2024, the percent of homes in Chugiak Area, Anchorage, AK under the Section 8 program is 3.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Chugiak Area, Anchorage, AK, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 72 |
Total Units Section 8 | 62 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,450 | $1,390 |
| 2 Bedroom | $120 | $1,700 | $1,820 |
| 3 Bedroom | -$900 | $3,450 | $2,550 |
| 4 Bedroom | -$40 | $3,100 | $3,060 |
Affordability — Chugiak Area, Anchorage, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $453,000 |
| Median Household Income | $112,000 |